kmk.msp

AUDCAD is following WW Pattern and will reverse from Point 5 to target 1-4 line else will target 2-4 line if reverse from point 5'

DXY is following a bullish WW pattern. May be it reversed from point 5 or 5' to target point 6

AUDCAD Libra Pattern?

EURUSD near completion of WW good to short at 1.414 (1.06819) or 1.618 (1.07148) fib expansion. SL above 1.618 fib exp...

NZDUSD is forming Bearish WW pattern which is about to complete and may reverse from 5 or 5'...and may target point 6 at 0.74

Gold long term rising trendline support

AUDNZD Potential Inverted H&S to target 1.105-1.13

USDCHF is forming WW pattern and may begin to fall from 5 of 5' to target point 6 @0.945-0.955. May short after any negative divergence seen at lower time frame...and reversal candle formation on daily TF...

Make or Break Decision for Gold on Ascending trendline

Silver is in Bullish flag

NZDUSD Beraish WW Pattern

AUDUSD has broke the rising trend line. It may pullback from the current price action to retest the broken trend line at 0.754-0.756 before move lower to 0.73-0.735

GBPCAD is again following Bullish WW pattern and may target 1.86-1.87 before reversal with final bearish target of 1.81

From low (1.057) to high (1.131) it is retracing to 0.618 fib 1.086-1.088 and may bounce from this level and may target 1.16 and than 1.20. Bullish trend line in RSI also supports this view as it reaches important support.

Possible scenario for Gold/Silver ration. If it happens than since Gold has broke out from consolidation while silver has relatively remain calm due to Gold/Silver ratio. If Gold from now corrects and came down than Silver will come down faster. If silver reaches 16.35-16.5 than it will be great opportunity to go long on silver.

GBPAUD is at important point where breakout or continuation of bear trend may restart. AUD has come under pressure due to worst CPI. rate decision on Tuesday will decide about the possible direction. I think RBA will remain on hold because buliding approvals, and labour market data is robust from last few months (employement change, unemployement rate) & GDP. ...

Dollar index is trading within ascending channel...

AUDCAD is forming Bullish WW Pattern and current price level @ 0.955 may be the point 4 of this pattern. Point 4 is also 0.618 fib retracement of 0.915 (Low) and 1.016 (High). This level at point 4 is also contain horizontal support.. If the pattern is right than 1.04-1.05 may be the target in long run...